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Showing posts with the label interpretation

Just my thoughts #0551

Transactions are made at a price. The value must precede the price, and this value arises because of the limit. Everything in the world is finite. It’s frustrating and sad due to that limit, but it’s worth it in the end because you can’t do it anymore. As the limit approaches infinity, the value decreases, and the smaller the limit range, the greater the scarcity, which leads to a higher value. If there are hundreds of gold medals in one event at the Olympics, that gold medal loses its value. There is a high probability of finding value where there is a limit. Depending on one’s perspective, someone’s limitations can become opportunities. - Joseph’s “just my thoughts”

Just my thoughts #0238

There’s a saying that after a flood, no water is left to drink. Those who see this as a metaphor grasp that it signifies that “usefulness” outweighs “quantity.” In contrast, literal interpreters might invest in stocks for “mineral water” due to an anticipated rise in demand for bottled water post-flood. This illustrates how interpretation and action can diverge significantly. - Joseph’s “just my thoughts”

Just my thoughts #0053

In 2019, the coffee shop franchise Banapresso had 47 branches in Seoul, 35 of which were concentrated in the Gangnam and Seocho districts. There were even other Banapresso stores within 200 meters of each other. It was denser than Starbucks. 100% of orders were placed through kiosks and mobile apps. The elders thought it would be hard to place an unattended order, but when they tried it, they were impressed with how seamlessly they were connected to the register. An Americano costs KRW 1,500 (about USD 1.27). There was only one employee. Everything was ordered at the touch of a button and the coffee was served within 40 seconds. All the bread was made at a nearby headquarters and distributed in batches. Banapresso was the antithesis of a traditional coffee franchise. Its parent company is an IT company that operates a ride-hailing app. The same business can be completely transformed into a different business model, due to the interpretation and context. - Joseph’s “just my thoughts”